Startup Boards -- Diligence Process

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

For startup investing, it’s important to have a diligence process.

In most cases, you’ll sign a term sheet with funding contingent on passing due diligence.

It helps to tell the company about your diligence process, such as what documents are required, what steps you perform, and how long it typically takes.

This helps eliminate the “how is it going?” calls. 

The process may vary from deal to deal based on the risks associated with each deal. 

Write out a list of your concerns and look for answers both in the documents and through discussions with the CEO.

1. High-level questions to ask include the following:
2. Product validation -- does the product work?
3. Market validation -- will someone pay for it?
4. Team validation -- is the team sufficient for the job?
5. Funding validation -- how much funding will be needed to reach the exit?
6. Exit validation -- will someone buy the company being built?
   
   

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.
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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
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Music courtesy of Bensound.

On this episode of Investor Connect, Hall welcomes Mark Hayward, business mentor and accredited leadership coach, creator, host of the Absolute Business Mindset podcast, and an experienced real estate investor.

After 14 years in the corporate world, Mark left and started a podcast agency, where he teaches people the importance of the story, refining ideas, how to plan and publish episodes, and how to move from an idea to monetising a podcast. On his podcast, Mark interviews entrepreneurs, business owners, authors, and industry leaders who share their stories of success. He enjoys delving deep into their area of specialism and asks unique questions. Mark helps his clients turn an idea into a successful and sustainable business. He also assists them through the early stages of a startup, showing them the building blocks of a business. 

Mark has a portfolio of properties in London, and he sources deals for other property investors. 

Mark shares his background, discusses his podcast show and agency, challenges he has faced, common myths about podcasts, advantages of having a podcast, and more. 

Reach out to Mark at mark.j.hayward@outlook.com, on LinkedIn at www.linkedin.com/in/mark-hayward-163721a0, and on Twitter at www./twitter.com/markhayward169.  

Listen to the Absolute Business Mindset podcast at https://absolutebusinessmindset.com/. 
_________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org  

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https://tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/  

For Feedback please contact info@tencapital.group   

Please follow, share, and leave a review.

Music courtesy of Bensound.